With the timezone difference of up to 14 hours, Asian investors will have no choice but to compete all of their processing for North American trades on trade-date – so that all trades are fully funded, matched and ready to settle before the end of the Asian trading day.

This acceleration of processing will have impacts across the entire front-, middle- and back-office operations of Asian investors – and will demand significant preparation and change over the coming months.

With less than 6 months to go until the transition to T+1, only 25% of Asian investors are even preparing for T+1 – with little signs of growing activity to come.

So what industry leaders in HK are citing as key concerns in preparing for T+1?
1. What is affirmation?
2. The end of bespoke instructions
3. Funding – from pre-funding to credit?
4. Who will manage FX at 4-6am HKT?
5. Securities lending recalls: do we have time?
6. Cash and securities ledger postings: Overnight
7. Custodian cut off times
8. Saturday is the new Friday: Working on HK holidays and weekends

Read more on how Broadridge clients in Hong Kong are preparing for T+1 and what needs to be prioritized in the coming months to get ready.

(click here).